# In the matter of State Bank of India vs. Anuradha Sachdev, {IB-810/ND/2021]

> NCLT judgment dated 2023-03-20. Citation: TCN-2023-NCLT-04148. The case involves an application (IA-1527/2023) before the National Company Law Tribunal…

- **Court:** NCLT
- **Order date:** 20 Mar 2023
- **Citation:** TCN-2023-NCLT-04148
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/state-bank-of-india-vs-anuradha-sachdev-ib-810nd2021-bca81079

## Summary

### Background

The case involves an application (IA-1527/2023) before the National Company Law Tribunal (NCLT), New Delhi Bench. The applicant, State Bank of India, sought to withdraw the present application. The application was filed under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016.

## Facts

State Bank of India filed an application (IA-1527/2023) under Section 95(1) of the IBC, 2016. The applicant, State Bank of India, subsequently sought to withdraw the application. The NCLT considered the applicant's request and dismissed the application as withdrawn. The applicant was granted the liberty to approach the IBBI for redressal of grievances. The case was heard by the New Delhi Bench of the NCLT.

## Issues and analysis

### Issue 1: Whether the application IA-1527/2023 should be dismissed as withdrawn based on the applicant's …

**Ratio:** An applicant has the right to withdraw an

…

**Reasoning:** The court accepted the applicant's request to withdraw the application. The court did not

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**Interpretation:** The interpretation is that an applicant has the right to withdraw an

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**Application:** In this case, State Bank of India, as the applicant, requested to withdraw

…

## Parties

- **Judges:** SHRI. ASHOK KUMAR…; SHRI. L. N.…
- **Appellants:** State Bank of…
- **Respondents:** Anuradha S…

## Timeline

- **N/A — Application…**: State Bank of India filed an application…
- **2023-03-20 — Order Del…**: The NCLT delivered an order…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95(1) — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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